Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.

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Saturday, September 25, 2010

Much is being said about gold's record price. The financial entertainment media certainly makes much hysteria about it. However, is gold really at a record rice, or are the world's major currencies simply being devalued. As readers know, our thesis is that there is a race to devalue currencies. Cheaper currencies, means cheaper exports, cheaper debts. As we reported last week, that is exactly what the Brazilian finance minister said about the world's major powers.

Well, we do track the price of gold in other currencies. Here is the latest price showing perfoemnce wince 2009: